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Steel Strips Wheels Limited (SSWL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹39.7B

SS Steel Strips Wheels Limited SSWL · NSE
Price₹309.50
Fair Value₹266.24
Upside-14.0%
Quality54/100
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Mixed Growth
Thin margins · 3.7% net margin
Low debt · generates free cash flow
0.60% dividend yield
Mixed vs. peers (8/14)
Narrow moat 41/100
Evidence: High Range ₹145.30 – ₹332.80 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Share price +16.3% over the past month.

A solid business, but screening 14% overvalued on our models.

What matters now

  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹145.30 to ₹332.80) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹321.60 ₹63.69 Fair Value ₹266.24 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹63.69 – ₹321.60 · fair‑value band ₹145.30 – ₹332.80 · the ₹309.50 price screens above the ₹266.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Steel Strips Wheels Limited (SSWL) currently trades at ₹309.50, while our model-based Fair Value estimate is ₹266.24, implying the stock looks roughly 14.0% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Steel Strips Wheels Limited generated revenue of ₹51.8B at a net margin of 3.7%. Revenue grew 19.5% year over year. It earns a return on equity of 11.4%. Net debt stands at ₹8.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹145.30 (bear case) to ₹332.80 (bull case); at ₹309.50, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 83% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at -14%, SSWL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹106.57 ₹236.46 ₹443.72 80
Residual Income ₹102.05 ₹115.15 ₹221.60 76
Rev-Margin DCF ₹176.34 ₹367.04 ₹635.81 74
All 26 models by family
DCF Models
FCF DCF ₹110.30 ₹216.78 ₹488.30 38
Owner Earnings ₹105.36 ₹235.80 ₹489.01 31
5Y Revenue Exit ₹176.34 ₹377.98 ₹672.27 39
5Y EBITDA Exit ₹216.57 ₹467.94 ₹807.71 41
5Y P/E Exit ₹154.61 ₹329.40 ₹544.81 38
10Y Revenue Exit ₹146.70 ₹336.51 ₹670.17 36
10Y EBITDA Exit ₹182.51 ₹405.63 ₹793.02 37
10Y P/E Exit ₹140.00 ₹299.18 ₹554.55 35
Earnings-Based
Graham-Dodd ₹82.29 ₹491.78 ₹685.28 54
Lynch FV ₹140.03 ₹200.04 ₹260.06 50
PEG = 1.0 ₹140.03 ₹200.04 ₹260.06 46
EPV ₹170.84 ₹202.17 ₹229.59 59
Dividend Discount
Gordon GGM ₹11.48 ₹23.86 ₹37.86 70
DDM Multi-Stage ₹11.48 ₹20.12 ₹25.05 61
Multiples
P/E Multiple ₹199.68 ₹266.24 ₹332.80 63
P/S Multiple ₹154.30 ₹205.73 ₹257.17 58
P/B Multiple ₹154.30 ₹205.73 ₹257.17 55
EV/EBIT ₹304.23 ₹411.36 ₹518.49 53
EV/EBITDA ₹275.01 ₹372.39 ₹469.78 54
EV/Revenue ₹199.49 ₹292.33 ₹385.18 43
Asset-Based
NCAV (Graham) ₹57.41 ₹76.93 ₹114.82 50
Growth DCF
Growth DCF ₹106.57 ₹236.46 ₹443.72 80
Rev-Margin DCF ₹176.34 ₹367.04 ₹635.81 74
Economic Profit
Residual Income ₹102.05 ₹115.15 ₹221.60 76
ROIC Compounder ₹203.35 ₹304.86 ₹413.22 72
Growth Earnings
Growth-Adj P/E ₹208.42 ₹297.74 ₹387.06 68

Widest divergence: DCF Models (₹329.40) versus Dividend Discount (₹20.12). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹51.8B
Revenue growth (YoY) +19.5%
Net margin 3.7%
Return on equity 11.4%
Free cash flow ₹1.4B FY2026
P/E ratio 25.6
More key figures
Operating margin 7.7%
EPS (TTM) ₹12.08
Dividend yield 0.6%
Net debt ₹8.2B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 85

Profitability 59
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 93
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Steel Strips Wheels Limited engages in the design, manufacture, and sale of automotive wheel rims and other auto components in India and internationally.

Full company description

Steel Strips Wheels Limited engages in the design, manufacture, and sale of automotive wheel rims and other auto components in India and internationally. It offers steel wheels rims, alloy wheel rims, and hot rolling mills for two and three wheelers, passenger cars, multi utility vehicles, tractors, commercial vehicles, and OTR vehicles; trailer and caravan; and aluminium steering knuckle. The company was incorporated in 1985 and is headquartered in Chandigarh, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Steel Strips Wheels Limited reported revenue of ₹51.8B in FY2026 versus ₹35.6B in FY2022, a compound +9.8%/yr. Reported net income was ₹1.9B in FY2026, compounding −1.9%/yr from FY2022.

Growth Quality 77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹51.8B
Latest YoY
+17.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+24.4%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.6%
Revenue +9.8%/yr
FY22 ₹35.6B
FY23 ₹40.4B
FY24 ₹43.6B
FY25 ₹44.3B
FY26 ₹51.8B
Net income −1.9%/yr
FY22 ₹2.1B
FY23 ₹1.9B
FY24 ₹6.7B
FY25 ₹2.0B
FY26 ₹1.9B
Character of growth · EPS growth decomposed (2015-2026) +22.1 % p.a.
Revenue per share +16.4 pp

of which total revenue +16.7 pp · buybacks/dilution −0.3 pp

EBIT margin +13.0 pp
Tax rate +1.0 pp
Residual (interest, one-offs) −8.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

SSWL screens 14% overvalued. Compare with Hyundai Mobis Co →

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Cite: Fair Value Calculator (2026). "Steel Strips Wheels Limited Fair Value". https://www.fairvalue-calculator.com/stock/SSWL

Peer Group

Auto Parts · 639 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 54 · Above median
Fair Value upside −14% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 4% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth 20% · Top 25%
Dividend yield (TTM) 0.6% · Bottom 25%
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 25.6× · Pricier than median
P/B 2.20× · Pricier than median
P/S (TTM) 0.77× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 8.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 15 · sector 17
FUTURE 98 · sector 24
PAST 45 · sector 26
HEALTH 92 · sector 95
DIVIDEND 12 · sector 34

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 511,000 KRW 643,909 KRW +26%
Magna International Inc MGAN 1,122 MXN 1,142 MXN +2%
Samvardhana Motherson International Limited MOTHERSON ₹169.50 ₹80.63 -52%
Bosch Limited BOSCHLTD ₹46,750 ₹13,061 -72%
Bharat Forge Limited BHARATFORG ₹2,082 ₹393.20 -81%
Uno Minda Limited UNOMINDA ₹1,232 ₹426.57 -65%
Schaeffler India Limited SCHAEFFLER ₹4,126 ₹1,412 -66%
Hankook Tire & Technology Co 161390 71,500 KRW 196,479 KRW +175%
Sona BLW Precision Forgings Limited SONACOMS ₹799.90 ₹207.06 -74%
Balkrishna Industries Limited BALKRISIND ₹2,497 ₹1,211 -51%

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Frequently asked questions

Is Steel Strips Wheels Limited (SSWL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹266.24 versus a price of ₹309.50, about −14% (overvalued).
What is the fair value of SSWL?
Our model-based fair value for Steel Strips Wheels Limited is ₹266.24 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹309.50.
What is the quality score of SSWL?
Steel Strips Wheels Limited has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Steel Strips Wheels Limited (SSWL)?
Steel Strips Wheels Limited reported trailing-twelve-month revenue of about ₹51.8B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SSWL?
The net profit margin of Steel Strips Wheels Limited is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.
Does Steel Strips Wheels Limited pay a dividend?
Steel Strips Wheels Limited currently shows a dividend yield of about 0.60% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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